“Community” has been defined many ways. A Business Community can be best defined as “A Body of Persons with Common Professional Interests and a Group Linked by Common Policy.” The true strength of a community is best demonstrated when all members can put aside differences and the thought of “beating the competition” temporarily. This is especially true when community members share key business partners and locations. Working toward common solutions can create a stronger community.
Creation of standards across the managing components of the Supply Chain make it possible for Economies of Scale and reliable predictability of performance:
With input from many parties in the “Community,” everyone’s needs are being considered. This affords all parties (regardless of size) to be capable of using a common platform to derive benefit for their organization. This includes otherwise potentially elusive data analytics and expanded visibility tools.
Timely and consistent data sharing ensures visibility through the entire Supply Chain. Use of a consistent set of data outputs which becomes the data input for the next leg in the Supply Chain eliminates the need for translation and the potential for misinterpretation of valuable data elements.
As illustrated by the graphic above, in an environment where multiple customers do business with the same provider, complexity can become quite prevalent. When complexity in doing business with multiple customers becomes a distraction the business itself, mistakes can creep into the processes more often. Having a more consistent method of business processes allows a provider to focus on what the customer entrusted them to do. It also allows the provider to focus their energy toward innovation and becoming a better business partner.
As a customer participant in the community you can gain benefits from:
As a Goods or Services provider participating in the community you can gain benefits from: